CONSTELLATION CAPITAL SELLS ITS MAJORITY STAKE OF THE SWISS E-MOBILITY GROUP TO TVS MOTOR COMPANY

Freienbach, January 27th 2022 - Dear Investors, Business Partners & Friends of CONSTELLATION


It is our pleasure to announce that as of today Swiss E-Mobility Group AG (SEMG) will have a new owner with TVS Motor (Singapore) Pte. Limited, a public listed family company with global reach. While 75% of the share capital of Swiss E-Mobility Group (Holding) AG was sold by CONSTELLATION, the remaining stake will be divested early in 2023. On January 27th, 2022, the respective contracts were signed at the attorney's office in Zurich, Switzerland.


CONSTELLATION as well as the other current management shareholders have agreed to retain a minority stake of 25% to ensure seamless operations of SEMG going forward. With TVS Motor Company we strongly believe to have found the ideal new owner and partner for the Swiss E-Mobility Group.


TVS Motor Company is the third largest two- and three-wheeler manufacturer and the second largest exporter of mopeds, scooters and motorcycles in India with customers in over 60 countries. In Switzerland, TVS Motor has already invested in e-bike specialist EGO Movement, signaling a long-term interest and confidence in this booming industry. For SEMG - and all its stores and brands - having such a reliable partner at its side presents unprecedented opportunities for implementing the group's growth and long-term plans even more effectively. TVS Motor Company will contribute immense experience in the areas of product quality, manufacturing processes and procurement in the global supply chain, among others, from which SEMG's customers will benefit in particular.


Rainer Fröhlich, founder and managing partner of CONSTELLATION CAPITAL, says about the divestment: "With TVS Motor we have found the ideal and a truly dynamic partner for SEMG to strengthen and expand the market leadership of the group. The opportunity to have an internationally active company like TVS Motor as a majority shareholder not only offers the possibility to extract previously untapped potential in quality assurance and procurement, but also lays the foundation for the future expansion of the group beyond national borders."


We are proud of the positive development of SEMG. The interest of an international strategist like TVS Motor is a recognition of the work we have done in recent years. For SEMG having this strong partner at its side opens up completely new opportunities to implement our future plans even better.


Please find enclosed the link to download the press release.